Smith Leonard PLLC announced today that it will acquire Hickory accounting firm Whisnant & Company, LLP effective January 1, 2023.
Smith Leonard is delighted to announce the addition of Patton Lowe as a Director in their Transaction Advisory Services (TAS) group.
The below article was originally published on 11/5/21 in the Triad Business Journal with contributions by Smith Leonard partner Darlene Leonard and Lee Lloyd, founder of J. Lee Lloyd LLC, an M&A and corporate finance consulting firm based in Greensboro. If you were trying to buy, sell or invest in a company in March 2020, you could […]
When buying or selling a company (now or in the future), it is important to recognize the impact that COVID has had on businesses. For most, COVID has had both positive and negative impacts on financial results. It’s time to familiarize yourself with the term EBITDAC (Earnings Before Interest Taxes Depreciation Amortization and COVID).
Did you know that an ESOP can be a powerful estate planning tool? It can help you address several planning challenges, including lack of liquidity and the need to provide for children outside the business.
This issue of the Building Products & Materials (BP&M) newsletter highlights the macroeconomic drivers supporting the ongoing resurgence in mergers and acquisitions (M&A) activity in the sector and rapidly rising valuations. Optimistic buyers continue to aggressively seek deals due to strong economic fundamentals and robust construction activity. In particular, optimism in the market for new single-family homes is holding strong, likely due to the shortage of existing inventory in the market and high demand for housing. While housing starts slowed somewhat in March, dropping 6.8% from February to a seasonally adjusted annual rate of 1.215 million, starts were up 9.2% year-over-year, with growth in building permit authorizations pointing to more construction activity likely in the coming months.